Express the Number in Decimal Form (Without Exponents)

question 148

Multiple Choice

Express the number in decimal form (without exponents) .
-A computer compiles a program in

• A) 0.00001301
• B) 0.0000001301
• C) -1,301,000
• D) 0.000001301

Calculate the future value of investments given specific rates and time periods.

Apply financial functions to solve problems related to investments and loans.

Understand the impact of early payments on loan balances.

Calculate the equivalent value of future payments given a specific rate and compounding period.

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Definitions:

Wire Transfers

Electronic transfers of funds across a network administered by banks or transfer service agencies globally.

Average Collection Period

The average number of days it takes a company to collect payments from its credit sales.

Credit Sale

A transaction where the payment for the purchased goods or services is deferred to a future date.

Credit Applicant

A Credit Applicant is an individual or business entity that applies for a loan or line of credit from a lending institution.